Locked content Grupa Azoty with PLN 132 mln H1 profit. Affected by Q2 loss

WSE-listed, state-run chemical giant Grupa Azoty had PLN 132.1 million H1 net profit, down by 65 percent, which would imply a PLN 56 million Q2 loss, the company said in its preliminary financial results. “The lower level of earnings was a compilation of three major factors: a significant rise in co...

Locked content Grupa Azoty enters 2nd credit agreement with EBRD

Chemical and fertilizer producer Grupa Azoty and European Bank for Reconstruction and Development (EBRD) signed a new long-term loan agreement and an annex to the long-term loan agreement from May 28, 2015, the company said. The second credit agreement with EBRD is for up to PLN 500 million and for ...

Locked content Grupa Azoty with PLN 1.5 bln additional credit

Chemicals producer Grupa Azoty signed an agreement with four banks: PKO BO, BGK, BZ WBK and ING BSK to increase the amount of its renewable credit signed originally in April 2015 from PLN 1.5 billion to PLN 3 billion, including the refinancing of the original PLN 1.5 billion. The loan is set to be r...

Locked content Grupa Azoty will pay dividend of PLN 1.25/shr

WSE-listed chemicals producer Grupa Azoty decided to distribute a dividend of PLN 1.25 per share for 2017. In total, it will pay PLN 124 million, the company said in a statement. Grupa Azoty net profit for 2017 amounted to PLN 354.8 million. The record date is set for July 25, and the dividend will ...

Locked content Grupa Azoty sees higher investments for 2014-2020

Poland’s largest chemicals maker Grupa Azoty will have significantly higher investment costs for 2014-2020 than the previously announced PLN 7 billion, said the company’s deputy CEO, Paweł Łapiński. By 2017 the state-controlled group already allocated around PLN 4 billion to investments. In 20...

Locked content Jagiellonian University and Grupa Azoty sign cooperation agreement

The Faculty of Chemistry at the Jagiellonian University in Kraków and Grupa Azoty, the largest Polish chemical corporation, have signed a cooperation agreement. It involves scientific and research cooperation in the field of chemical sciences, new materials and technologies as well as environmental ...

Locked content Grupa Azoty with PLN 1.6 bln CAPEX for 2018

Chemicals producer Grupa Azoty plans investment outlays of PLN 1.6 billion in 2018, deputy CEO Paweł Łapiński stated at a press briefing. Last year Grupa Azoty’s CAPEX came in PLN 1.069 billion, which was lower than the PLN 1.3 billion the company had planned, Łapiński added. Grupa Azoty is one of t...

Locked content Azoty Group net profit in 2017 at PLN 489 mln

Azoty Group net profit in 2017 was, according to the company’s estimates, PLN 489 million, and revenues reached PLN 9.617 billion, the company announced in a statement. The Azoty Group reported that EBITDA amounting to PLN 1.187 billion, while profit for non-recurring items amounted to PLN 1.2...

Locked content Police fail to secure refund on Senegalese assets on time

Police, a subsidiary of WSE-listed chemicals group Azoty did not secure payment and guarantees before the deadline from its former investment partner Senegalese DGG Eco, the company said in a market filing. Back in December, both sides have signed a conditional deal to reverse the purchase of Senega...